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Financial Services (Banking Reform) Act 2013

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63Provision of information and assistance to a CMA groupE+W+S+N.I.

This section has no associated Explanatory Notes

(1)For the purpose of assisting a CMA group in carrying out a relevant investigation, the Payment Systems Regulator must give the CMA group—

(a)any relevant information which it has in its possession, and

(b)any other assistance which the CMA group may reasonably require in relation to any matters falling within the scope of the investigation.

(2)A “relevant investigation” is an investigation carried out on a reference made by the Payment Systems Regulator under section 131 of the Enterprise Act 2002 by virtue of section 59.

(3)Relevant information”, in relation to a relevant investigation, is information—

(a)which relates to matters falling within the scope of the investigation, and

(b)which—

(i)is requested by the CMA group for the purpose of the investigation, or

(ii)in the opinion of the Payment Systems Regulator, it would be appropriate to give to the CMA group for that purpose.

(4)A CMA group, in carrying out a relevant investigation, must take into account any information given to it under this section.

(5)In this section “CMA group” has the same meaning as in Schedule 4 to the Enterprise and Regulatory Reform Act 2013.

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Commencement Information

I1S. 63 in force at 1.4.2014 by S.I. 2014/823, art. 2(c)

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